My thoughts on BNB
I just have to share my sincere view, I think BNB is going for an unpleasant bottom.
Fundamentally, I think a deep bottom for cypto markets is possible due to the USD liquidity problem, it might affect crypto just like the banks have been affected. Afterall, exchanges ,like banks, also depend on USD.
If you look at the USD supply M2 chart, you'll see a shart decline in USD supply has been going on for a couple months now.. and probably continuing. Which ,if continues, can lead to a liquidity problem for markets and would send DXY (usd) up.
Fundamentally, I think a deep bottom for cypto markets is possible due to the USD liquidity problem, it might affect crypto just like the banks have been affected. Afterall, exchanges ,like banks, also depend on USD.
If you look at the USD supply M2 chart, you'll see a shart decline in USD supply has been going on for a couple months now.. and probably continuing. Which ,if continues, can lead to a liquidity problem for markets and would send DXY (usd) up.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.